Abrigo

SEPTEMBER 11, 2023

DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when. Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

Abrigo

MAY 9, 2022

Financial crime detection and prevention are increasing in complexity for BSA/AML professionals as new technologies and challenges arise each year. The COVID-19 pandemic has substantially increased the need for fraud detection across the country, with hard dollar losses keeping financial organizations on their toes.

Compliance 195

Compliance Fraud Regulation Resources 195

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alogent acquired document imaging and tracking solution provider AccuSystems.

Fintech 103

Fintech Software Illinois Lending 103

Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow.

Fraud 102

Fraud Regulation Compliance Analytics 102

Abrigo

DECEMBER 30, 2019

This is a must-have risk management concept. Another aspect of this advisory is that leadership should provide adequate human and technological resources. Failure to provide funds for up-to-date technology may lead to missing critical suspicious activity, which is the core of the BSA. Learn more.

Training 195

Training Compliance Leadership Fraud 195

FICO

JANUARY 11, 2021

Identity-based fraud takes many forms: application fraud , bust-out fraud , account takeover , synthetic identities and identity theft. In response, many institutions have deployed layered controls to ensure they are interacting with genuine customers and help stop identity fraud. This arrangement is far from optimal.

Fraud 52

Fraud Customer Experience Survey Mobile 52

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

Abrigo

SEPTEMBER 2, 2020

Technology can create efficiencies that allow them to reimagine customer interactions moving forward. Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. A relationship-based, community focus in a digital world.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

DECEMBER 9, 2020

That translated, and still translates, into new ways of thinking about information security, and breaking down silos between departments and various risk management efforts. And then technology companies will come up with solutions to meet those standards and the expectations of the market,” he said. Looking At Trust .

Regulation 234

Regulation Security Data Course 234

Abrigo

SEPTEMBER 2, 2020

Technology can create efficiencies that allow them to reimagine customer interactions moving forward. Banking technology and digital offerings have long been associated with the preferences of Millennials and Gen Z, but the coronavirus has quickly reshaped banking behaviors. A relationship-based, community focus in a digital world.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

JUNE 17, 2020

There is also performance risk, he explained, which takes into account the threat of a vendor failing to deliver goods as reflected on a purchase order — whether they be non-compliant or damaged, for example. Finally, there is transaction risk, which addresses the threat of false documentation of shipping fraud.

Fraud 171

Fraud Capital Data Payments 171

PYMNTS

JUNE 5, 2020

Such solutions can “empower people to control their financial well-being,” Andrew Davies, vice president of global market strategy and financial crime risk management at financial services technology company Fiserv , told PYMNTS in a recent interview. How To Quickly Fight KYC Fraud.

Security 174

Security Fintech Data Fraud 174

PYMNTS

APRIL 30, 2019

As has been well-documented in these digital pages, SCA mandates that some 300 million consumers will need to confirm their identities for most of their online purchases using two of the following: something they know (e.g., a password), something they possess (e.g., a phone) or something they are (e.g., a fingerprint).

Fraud 171

Fraud Online Cards Payments 171

CFPB Monitor

NOVEMBER 22, 2022

That Order directed the Secretary of the Treasury to issue a report assessing how the entry of large technology firms and other non-banks into consumer finance markets has affected competition. The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition.

Fintech 78

Fintech Report Data Lending 78

Gonzobanker

MARCH 6, 2020

To stay relevant, banks and credit unions need to continually evaluate their people (organization, staffing, roles), processes, technology and enterprise/departmental strategic objectives to ensure they are achieving optimal performance. Technology: The ‘Must Have’ List Is Growing.

Operations 86

Operations System Groups Technology 86

PYMNTS

SEPTEMBER 11, 2017

The future, then, lies in what the executive called “next generation techniques” and methods that rely on possession of devices and identity documents (like driver’s licenses) biometrics, all combined to work in sync to give additional layers of security. Against that backdrop, ID.me Or hacked snacks. .

Fraud 136

Fraud Data Course Security 136

FICO

DECEMBER 10, 2020

In 2021 I believe AI will cross the chasm, becoming a reliable and safe, mainstream business technology — but maybe not how, or for reasons why, you might expect. Governance documentation. Prediction #3: Consumers Will Actively Manage Their Data. COVID Is the Mother of AI Maturity. Data quality monitoring.

Analytics 98

Analytics Fraud Data Software 98

Insights on Business

JUNE 28, 2018

Some of the biggest applications of AI today in banking and finance are in front-end customer service like chatbots or virtual agents, or in the securities sector by identifying credit card fraud and helping to detect money laundering/creating digital trust, and lastly in the simple task of automating redundant processes.

Compliance 70

Compliance Case Study Analysis Analytics 70

PYMNTS

JUNE 21, 2019

As he noted, the experience and documents required often mean that users must wrestle with desktops, paper IDs or files — crossing channels, in effect — just to get on board. The question for FIs, he said, is: “How do you bring technology and customer experience together to create a user-centric journey?”. The Challenger Banks.

Customer Experience 108

Customer Experience Data Mobile Risk Management 108

BankUnderground

JUNE 25, 2020

Growth in the stock of financial data has been enabled by technological advances that have increased storage capacity and lowered computational costs. The second risk from barriers to cross-border data flows is that they may impede the sharing of information between regulators. Such technology can reduce transaction costs.

Data 110

Data Big Data Regulation Risk Management 110

CFPB Monitor

SEPTEMBER 9, 2019

Most issuers now use email and text messages to communicate with delinquent consumers but some only used email reactively such as when a consumer initiated an online conversation or requested that documents be sent by email. Risk management. Fraud risk management.

Cards 60

Cards Report Marketing Leadership 60

PYMNTS

MARCH 11, 2016

GIACT Systems’ co-founder and Chief Technology Officer Merlin Bise says the use of smart data in real-time is key to overcoming the onboarding stumbling blocks many companies are facing. “In So how can companies strike the balance between ensuring customer acquisition processes are not just efficient, but also frictionless and secure?

Data 100

Data Customer Experience social media Fraud 100

William Mills

JUNE 22, 2017

Fintech5 features key financial industry and technology influencers who are changing the game. BreakingBanks is hosted by Brett King and is a podcast documenting technological changes to financial services, from banking to payments to money itself. Topics include fintech, risk management, blockchain, fraud detection and more.

Fintech 61

Fintech social media Cyber Security Conference 61

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Growth in Application Fraud Scoring Solutions. The broad rollout of EMV (aka “chip and PIN”) technology in the U.S. By 2020, credit card application fraud losses are projected to exceed $767M. [1]

Trends 63

Trends Fraud Data National 63

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. RegTech Trends. Key takeaways. Today, solutions are complementing existing workflow.

Compliance 72

Compliance Regulation blockchain Software 72

Social Assurance

APRIL 13, 2021

Then I’ll end it with how the use of technology is currently, or will eventually, help your financial brand. In a nutshell, this means that technology can act like a human and, quite frankly, process, analyze, and learn from data far more efficiently and accurately – plus scale at a rate not possible for humans. Efficiency Ratio.

Branding 15

Branding Fraud Arizona Data 15

Gonzobanker

DECEMBER 22, 2014

THE TECHNOLOGY AWARDS. And won’t address the biggest area of fraud growth, which is card-not-present. The Technology Company that Caused the Most Project Heartache in Bank I.T. Loan numbers are still managed with Excel spreadsheets and assigned at document prep time. Technology Services. Risk Management. ???

Los Angeles 101

Los Angeles Apple Risk Management California 101

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. million from Aston X, an ICO project building a platform to decentralize documents; $5.8 billion) for its investors in the biggest technology IPO Europe has seen as of this summer.

Branding 100

Branding Cards Fraud Marketing 100

Independent Banker

DECEMBER 13, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. Advice for others.

Tools 70

Tools Community Community Bank Security 70

Gonzobanker

SEPTEMBER 28, 2015

While at first glance a bank may see no immediate fraud issue with such a breach, let’s look at an example of what can be done with this type of data. Many times what we see documented on paper is only half-heartedly practiced by the staff, or the institution doesn’t fully support it. Adjust your employee training.

Examples 60

Examples Security Meeting Policies 60

Fintech Labs Insights

OCTOBER 30, 2016

Deloitte recently asked what we should make of “regtech” in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” OutsideIQ ( F16 ) enables FIs to uncover regulatory risk using a combination of machine learning and human analysis.

blockchain 12

blockchain Trends Fintech social media 12

Fintech Labs Insights

NOVEMBER 18, 2015

Capital Preferences is an enterprise consumer risk profiling system that uses a series of simple investment games based on advances in game theory, econometrics and experimental economics, to help banks, insurers and wealth managers solve growing regulatory scrutiny and unscientific profiling methods used to document client risk preferences today.

Company 12

Company Comparison Customer Experience Management 12

Fintech Labs Insights

SEPTEMBER 1, 2015

ArcBit aims to lever Bitcoin and Blockchain technology to connect you to the global Internet economy. Using cutting edge technology, Auvenir is setting the new standard in compliance and assurance. ebankIT is an Omnichannel Banking software company that delivers the latest innovative solutions in financial technology.

Company 12

Company Software Analytics Mobile 12

William Mills

MAY 9, 2018

Again another financial wellness platform using machine learning technology. A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. Grounding your organization’s digital transformation in people, processes, and technology is critical.

Security 40

Security Samsung Strategy San Jose 40